INVESTMENT IN MARKETABLE SECURITIES (Tables)

12 Months Ended

Jun. 30, 2014

Investments, Debt and Equity Securities [Abstract]

Marketable Securities [Table Text Block]

At June 30, 2014 and 2013, all of the Company’s marketable securities are classified as trading securities. The change in the unrealized gains and losses on these investments are included in earnings. Trading securities are summarized as follows:

			Gross		Gross		Net		Fair
Investment	Cost		Unrealized Gain		Unrealized Loss		Unrealized Gain		Value
As of June 30, 2014
Corporate
Equities	$	4,603,000	$	1,250,000	$	(922,000)	$	328,000	$	4,931,000
As of June 30, 2013
Corporate
Equities	$	4,811,000	$	1,530,000	$	(1,136,000)	$	394,000	$	5,205,000

Gain (Loss) on Investments [Table Text Block]

Net gain (loss) on marketable securities on the statement of operations is comprised of realized and unrealized gains (losses). Below is the composition of the two components for the years ended June 30, 2014 and 2013, respectively.

For the year ended June 30,	2014		2013
Realized gain (loss) on marketable securities	$	283,000	$	104,000
Unrealized gain (loss) on marketable securities		50,000		(787,000)
Net gain (loss) on marketable securities	$	333,000	$	(683,000)